Seven years ago, around 70% of passengers in US-China air trips were American. But today, more than 50% of travelers are Chinese. Flying used to be a luxury mode for travel in China, but now is for the masses. Data shows that by 2029 China will overtake the US as the world’s largest passenger market. The increasing passenger demand has not only brought Chinese airlines big successes in the past decade but also some real challenges like lengthy delays and poor service. In fact, Chinese airlines are struggling to keep up with growth in demand, and compared to foreign counterparts, they are not as global nor as profitable as they should be.
After record smog and a leadership change, what’s in store for environmental policy in China and green investment? In China’s major cities, you can use an app to check the level of smog, or you can just step outside to see, smell and taste it. A Bloomberg news headline put the problem in sharp relief: Living […]